India, Sept. 21 -- Peugeot Invest SA (PEUG.PA), a French investment company, on Monday said it will invest $175 million in Merieux NutriSciences to support the acquisition of Certified Group and strengthen the food testing group's position in North America.
Peugeot Invest will become one of Merieux NutriSciences' main minority partners and will be represented on its Board.
The investment marks Peugeot Invest's entry into the Testing, Inspection and Certification (TIC) market. The company said the food testing sector benefits from structural growth drivers, including rising regulatory requirements, consumer demand for food safety and traceability, and emerging health risks.
Merieux NutriSciences, controlled by Institut Merieux, is a globa...